Jefferies (NYSE:JEF) analyst Ken Usdin maintained a Sell rating on First Republic Bank (NYSE:FRC) on Thursday, setting a price target of $163, which is approximately 5.84% below the present share price of $173.11.
Usdin expects First Republic Bank to post earnings per share (EPS) of $0.00 for the second quarter of 2021.
The current consensus among 13 TipRanks analysts is for a Hold rating of shares in First Republic Bank, with an average price target of $180.25.
The analysts price targets range from a high of $210 to a low of $163.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $1.06 billion and a net profit of $0. The company's market cap is $30.16 billion.
According to TipRanks.com, Jefferies analyst Ken Usdin is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 23.1% and a 79.15% success rate.
First Republic Bank is a commercial bank and primarily operates in the metropolitan areas of the United States. The company provides personalized, preferred business banking, relationship-based preferred banking, real-estate lending, trust and wealth management services.